Renko Silver Trading Experiment

[newtrader101]

Squared off @ 40356 because of this:

Gain =40356 - 40125 = 231
Total gain= 231-479= -248

 

[timepass]

Squared off @ 40356 because of this:
View attachment 25244
Gain =40356 - 40125 = 231
Total gain= 231-479= -248

How does Renko show this ??

 

[newtrader101]

How does Renko show this ??

It did show. (in ATR autoselected setting)

But I was tinkering back and forth with the brick settings. At that time it was brick size 50:

I missed it. Lost about 100 points.

I have a feeling the chart has repainted. I don't remember seeing any of this at the time. Will have to take screenshots at every point now.

 

[newtrader101]

Bought SILVERMIC18JUNFUT @ 40,544 NRML, because it exceeded the high on increasing volume, continuing the trend. Bearish volume was decreasing earlier.

 

[timepass]

That green line, what indicator is that ??

Bought SILVERMIC18JUNFUT @ 40,544 NRML, because it exceeded the high on increasing volume, continuing the trend. Bearish volume was decreasing earlier.

View attachment 25270

View attachment 25272

 

[newtrader101]

That green line, what indicator is that ??

ATR trailing stop loss, eventhough sometimes it fails. I have'nt kept stop loss now. Only one lot.

 

[newtrader101]

MIS auto-squared off at 40553. Breakeven.

 

[newtrader101]

Bought again NRML at 40570.
Hoping it will continue going up, because:

• On the candlestick daily, Gold and Silver are increasing n bullish volume
• Turning point is usually around New Moon which is on Tuesday 15th
• There is still some more distance to the previous high on the Silver daily formed on 19 April
• The maximum loss is around 500 a day's max range for Silver.

 

[sdrazisha]

Use renko along with Donchain channel.
Bollinger Band don't fit well.

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[sdrazisha]

Stochastic has always stopped me taking many trades that would have proved to be best.

I have always faced this issue. Hence I have taken of stochastic to understand a trend. One can use anyothet momentum other than stochastic, this is merely my personal opinion.

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